If gold gets to 1300- the pru is only making 200 profit.
Not much margin for error.
And sentiment on good miners will be rank with many expected to fold.
Bank lending may also be affected if bank unsure of POG longterm pricing.
Lots of fuel to drive lower.
Buy the extreme dips every 2nd third day. Sell the next day. Only way to try and play this beast now.
I am still a long term bull though.
I think the this is a major game play by governments to make the 'recovery' look real. It is not.
Pay attention to stories of physical gold redemption faults. And gold being taken back from comex.... Already started. Hard not to believe this is a conspiracy majeure!
If gold gets to 1300- the pru is only making 200 profit.Not much...
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Last
$2.50 |
Change
-0.080(3.10%) |
Mkt cap ! $3.439B | |||
| Open | High | Low | Value | Volume |
| $2.56 | $2.59 | $2.48 | $20.35M | 8.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42141 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 39467 | 4 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |